the possibility that there will be some change in the electoral law, in the expanse public sector and for the italian politics and some changes in terms of structural reforms that could carry over until the beginning of next year. while obviously it's not the ideal scenario overall, because italy needs something more than just a little changes here and there, but that would be the first step in the right direction. >> right. and as annalisa says, futures could cause near term volatility. thanks very much. she's a senior economist at new edge. speaking of tumultuous, russia's president is coming under controver controversy. while russia's economy hadn't performed badly last year, falling commodity prices risk pushing the country into recession. these comments come just hours after president putin threatened to fire officials for not following his orders on public spending. geoff cutmore is outside this event. what are you hearing about these concerns and the russian economy overnight? >> reporter: absolutely. fascinating issue. we clearly see some risks emerging in the russian governme